Oz an example for mining reform

Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate.

Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of state at the Ministry of Mines and Energy (MME), said Cambodia’s 30 per cent tax on mineral resources, mining, and oil and gas operations was outdated. … Last week, Australia’s coalition government officially scrapped the country’s controversial mineral resources rent tax (MRRT), which was implemented in 2012 by the previous government. The MRRT placed a 22.5 per cent levy on mining companies’ profits above A$75 million (US$70 million). …

 

Eddie Morton
http://www.phnompenhpost.com/business/oz-example-mining-reform